◎ Reporter Zhao Mingchao
Positive signals on the capital side appear frequently. On the one hand, since June, the size of new development funds has exceeded 93 billion yuan. In addition to the new funds to be established, the size of new development funds in June is bound to exceed 100 billion yuan, which is also the fourth consecutive month that the size of new development funds has exceeded 100 billion yuan. On the other hand, since May 23, the flow of ETF funds has changed, with more than 30 billion yuan of funds entering the market through stock ETFs.
The scale of the new development fund has exceeded 100 billion yuan
Choice data shows that as of June 15, 62 funds had been established in June, with a total issuance scale of 93.73 billion yuan. Among them, bond T-fund plays a leading role, and many financial debt index funds of explosive funds have emerged. CITIC Prudential The issuance scale of China Bond 0-3 year policy financial bond index and E Fund 1-5 year policy financial bond index is about 8 billion yuan. The issuance scale of the policy financial bond index of Allianz China Bond for 0-3 years was 6.66 billion yuan, and the agricultural bond index of China Southern Bond for 0-3 years was nearly 6 billion yuan.
In addition to bond funds, equity fund issuance also recovered. Specifically, ICBC Credit Suisse China Securities A50ETF Feeder Fund issued 1.995 billion yuan, Baoying Value Growth Hybrid Fund issued 813 million yuan, and Dacheng Zhuoyuan Vision Hybrid Fund issued about 800 million yuan.
It is worth noting that some funds have announced that they will end raising ahead of schedule and will soon be established, which means that the issuance scale of new funds in June will exceed 100 billion yuan, which is the fourth consecutive month that the issuance scale of new funds has exceeded 100 billion yuan. Specifically, CCB China Bond 0-5 year policy financial bond index fund announced that the deadline for raising was advanced to June 13, and the upper limit of the fund's raising scale was 8 billion yuan. According to channel sources, the fund subscription fund is close to the upper limit of the raised scale. In addition, CICC Jinchen Bonds, Dacheng Hengsheng Healthcare ETF, etc. have also announced the early termination of the fundraising, and will soon issue an announcement on the effectiveness of the fund contract.
More funds will be announced in June. According to statistics, 63 funds are currently being issued. According to the announcement on the sale of fund units, the deadline for raising 26 funds is before June 28.
"From the perspective of the new fund issuance market, the issuance of bond funds is very hot. Although some equity funds have also issued more than 800 million yuan, in general, the issuance is still relatively difficult." A channel personage of a fund company said that with the subsequent rebound of the market, the money earning effect of funds appeared, and the issuance of equity funds is expected to further recover.
Tens of billions RMB funds continue to pour into ETF
In addition to the new fund issuance market, ETF has also become an important capital allocation tool. Recently, a large number of funds have entered the market through ETF. According to Choice's calculation, the net subscription amount of stock ETFs since May 23 and up to June 14 was 33.967 billion yuan.
From the perspective of capital flow, broad-based ETF has become an important target of capital overweight. Specifically, the net subscription amount of Huaxia SSE 50ETF is 6.108 billion yuan, and Huatai Berry CSI 300 The net subscription amount of ETF was 2.892 billion yuan, and the net subscription amount of ICBC Credit Suisse CSIC A50ETF, Huaxia GEM ETF, Huaxia SSE Science and Technology Innovation Board 50ETF, Ping An CSIC A50ETF, E Fund SSE Science and Technology Innovation Board 50ETF, etc. was more than 1.2 billion yuan.
Industry insiders said that institutional investors prefer broad-based ETFs. Judging from the recent trading volume of some broad-based ETFs, there has been an obvious increase in volume, or institutional funds have entered the market to mop up.
At the same time, public and private placement positions are also at a relatively high level. according to Tianfeng Securities It is estimated that as of June 14, the median position of common equity funds was 87.58%, and the median position of partial equity hybrid funds was 84.87%. From the perspective of adding positions, last week's active equity funds added positions in electronics, computers, media, communications, power, utilities and other industries.
According to the latest data of Private Placement Network, as of May 31, the latest private placement position index of 10 billion scale stocks was 74.11%, up 2.33 percentage points from May 24. This has been the second consecutive week of reverse overweight of 10 billion level private placement, with 2.33 percentage points of overweight in a single week, the second time since this year that it has significantly overweight in a single week. The first big weekly overweight occurred at the end of February, when the ten billion level private placement position index rose 4.12 percentage points in a single week, and then A shares came out of a big rebound. According to statistics, nearly 50% of the current 10 billion level private placements are full.
